Form 4: Walmart Director Timothy Flynn Acquires Shares Through Annual Equity Grant

Walmart director Timothy Flynn acquired 2,978 shares of common stock as part of his annual equity grant, with the receipt of these shares deferred to a future date.

Summary

• Timothy Flynn, a director at Walmart, acquired 2,978 shares of common stock on June 5, 2024.
• This acquisition is part of his annual equity grant as non-management director compensation.
• The receipt of these shares has been deferred to a future date based on a previous election by Mr. Flynn.
• The balance of shares beneficially owned was adjusted to reflect phantom shares acquired as dividend equivalents on deferred stock.
• The transaction was reported on June 7, 2024.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed positively as it aligns interests. There are no negative implications.

Positives

• The acquisition of shares demonstrates continued alignment of interests between the director and the company.
• The equity grant is part of a standard compensation package for non-management directors.

Industry Context

This is a standard practice for director compensation in publicly traded companies, aligning director interests with shareholder value.

Comparison to Industry Standards

• Equity grants are a common form of compensation for non-management directors in large public companies like Walmart.
• Companies such as Target (TGT) and Costco (COST) also use similar equity-based compensation for their board members.
• The deferral of share receipt is also a common practice, often tied to vesting schedules or retirement plans.

Stakeholder Impact

• The share acquisition has a minor positive impact on shareholders as it aligns director interests with company performance.

Key Dates

Keywords

Walmart, Director, Equity Grant, Share Acquisition, Deferred Stock, Form 4, Insider Trading